The best indicator for Old Dominion (ODFL)
We backtested 382 indicators across daily, weekly and hourly charts on real Old Dominion (ODFL) history. Here's what actually worked — risk-adjusted over the full backtest, with costs, and checked out-of-sample.
Where Old Dominion (ODFL) stands
Computed from our own daily OHLCV history, not quoted from a third party. Moving averages use closing prices; "52-week" is the last 252 trading sessions.
Fibonacci Pivots
On the daily chart, this is the strongest risk-adjusted edge we found for Old Dominion (ODFL) over ~34.9 years — beating buy-and-hold by 36.5% CAGR.
Old Dominion (ODFL) on the daily chart
The timeframe our backtest found best for this asset. The chart is live market data; the results above are hypothetical and historical.
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Best multi-indicator combo
Going long only when all 2 agree was the strongest confluence setup we found for Old Dominion (ODFL) — trailing buy-and-hold by 9.4% CAGR, out-of-sample. Fewer, higher-conviction trades than any single indicator.
The winner on each chart
Every indicator, ranked
Ranked by Sharpe (risk-adjusted return). Hypothetical, fees included.
| # | Indicator | TF | CAGR | Sharpe | Max DD | Win | Trades | vs B&H |
|---|---|---|---|---|---|---|---|---|
| 1 | Fibonacci Pivots ✓ | Daily | 54.5% | 1.51 | -45.6% | 52.1% | 1502 | 36.5% |
| 2 | Pivot Points (Standard) ✓ | Daily | 53.1% | 1.5 | -48.2% | 52.1% | 1409 | 35.1% |
| 3 | Camarilla Pivots ✓ | Daily | 49.2% | 1.35 | -55.0% | 51.7% | 1801 | 31.2% |
| 4 | Projection Bands ✓ | Daily | 36.0% | 1.21 | -33.8% | 58.7% | 351 | 17.9% |
| 5 | MA Envelope ✓ | Daily | 39.1% | 1.16 | -38.4% | 63.8% | 337 | 21.0% |
| 6 | Camarilla Pivots ✓ | Weekly | 20.0% | 0.86 | -41.7% | 51.6% | 382 | 2.3% |
| 7 | VWAP Bands ✓ | Daily | 18.2% | 0.84 | -29.8% | 68.9% | 132 | 0.2% |
| 8 | Connors RSI-2 ✓ | Daily | 17.5% | 0.83 | -49.2% | 64.8% | 372 | -0.6% |
| 9 | Connors RSI ✓ | Daily | 17.5% | 0.77 | -44.2% | 64.2% | 383 | -0.6% |
| 10 | Fibonacci Pivots ✓ | Weekly | 15.7% | 0.72 | -34.4% | 56.0% | 275 | -2.1% |
| 11 | Pivot Points (Standard) ✓ | Weekly | 13.8% | 0.67 | -34.9% | 54.9% | 246 | -4.0% |
| 12 | Demand Index ✓ | Daily | 19.2% | 0.66 | -49.4% | 65.0% | 363 | 1.1% |
| 13 | Bollinger Mean-Reversion ✓ | Daily | 12.7% | 0.63 | -41.9% | 68.0% | 128 | -5.4% |
| 14 | Murrey Math Lines ✓ | Daily | 15.9% | 0.63 | -42.7% | 74.2% | 93 | -2.1% |
✓ = held up out-of-sample. Hypothetical, costs included. See methodology.
What it would take to beat buy & hold on Old Dominion (ODFL)
0 of 683 tested setups beat buy-and-hold on Old Dominion (ODFL) outright. Another 247 could get there with leverage they would survive — but 413 would be liquidated by their own drawdown before they caught it.
| Indicator | Beats B&H unlevered | Leverage needed | Leverage survived |
|---|---|---|---|
| QQE | — | 1.29× | 2.27× |
| Chande-Kroll Stop (fast) | — | 1.32× | 2.35× |
| Chande Kroll Stop | — | 1.56× | 1.79× |
| Zero-Lag MACD | — | 1.63× | 2.71× |
| Relative Volatility Index | — | 1.72× | 2.06× |
| VIDYA 30 Trend | — | 1.73× | 2.3× |
Out-of-sample, costs included. A setup is only listed if the leverage it needs is less than the leverage its own worst drawdown survives — when it isn't, no amount of leverage gets there. Volatility drag isn't modelled, so these are the optimistic case. Every indicator, ranked this way
For Old Dominion (ODFL), Fibonacci Pivots on the daily timeframe gave the best balance of return and risk in our test. It beat buy-and-hold — but remember: this is a hypothetical backtest of a standard rule, not a recommendation. Markets change. See the methodology and disclaimer.
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